7 March 2001
NFU welcomes spray tax omission

The Chancellors decision not to include a pesticide tax in this years Budget will be a massive relief to the farming industry, says the NFU.

The tax would have cost farmers and growers 125 million a year. The alternative measures put forward by the NFU and others in the will help the environment without saddling the industry with another burden, said President Ben Gill.

“Lack of a massive pre-election spending spree now leaves the door open for a cut in interest rates. This would slash farmers borrowing costs and pave the way for a further reduction in the strong Pound,” said Mr Gill. “This would be the biggest single benefit to farmers across Britain.”